Today’s Prices

Today was the USDA crop report today, they provided bullish news and prices finished higher.

Grain Market News

U.S. Yield & Production 2022

U.S. & World Ending Stocks

Quarterly Stocks

Corn S&D

Soybeans S&D

Wheat S&D

Grain Market News

Ukraine: Wheat Production

There hasn’t been much change in the war development.

When there are developments, wheat is affected more so than corn.

Ukraine: Corn Production

Those four states that Russia has annexed on paper, there isn’t much corn growing in those areas.

Ukraine: Sunflower Seed Production

There are some sunflowers grown in the war zone area but not necessarily the heart of the belt.

March Corn Chart

Corn prices saw a big push to the upside today.

That looks very good on the charts.

Our prices had been consociating over the last week or so.

The next level of overhead resistance is the 6.74 level and then 6.85.

We would not be surprised to see corn prices trading somewhere in the 6.75-6.85 area over the next week.

March Soybean Chart

Soybeans have been mostly sideways and working higher within that range.

Today we got friendly news pushing towards the upper end of the range.

The next level of overhead resistance is at 15.37 and then 15.72.

Today’s breakout on the chart has turned the technical indicators.

March KC Wheat Chart

Wheat prices also had a nice breakout to the upside on the charts and turning the technical higher as well.

Overhead resistance at 8.65-8.70 range.

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